Business

Oil vessel

Oil prices rise above $50

Brent crude futures rose 40 cents to 50.60 dollars a barrel.

Okey Enelamah [Photo: The Guardian]

Director General appointed for Nigerian Office for Trade Negotiations

The Federal Executive Council had in May approved the establishment of NOTN as the standing negotiating body for Nigeria.

Securities and Exchange Commission (SEC)

Capital market operators, public companies to show evidence of tax compliance from March 31 – SEC

Stiff sanctions await defaulters

CBN Governor, Godwin Emefiele

Why Nigeria Central Bank retained benchmark lending rate at 14 per cent – Emefiele

The governor said the move was to attract greater foreign investment.

Central bank of Nigeria

After CBN announcement, Naira appreciates against dollar

The Pound Sterling and the Euro closed at N475 and N420 respectively at the parallel market.

Central bank of Nigeria

‎JUST IN: CBN retains lending rate at 14 per cent

The Central Bank’s MPC met on Tuesday.

Central bank of Nigeria

Central Bank injects another $195 million into Forex market

The CBN management said it is quite pleased with the performance of the naira.

Naira Notes

Naira rebounds against dollar at parallel market

The Naira, however, depreciated at the investors’ window as it closed at N367.3 to the dollar.

Power Lines [Photo: energymixreport.com]

GENCOs ‘inflating invoice’, DISCOs say, drawing rebuke

The electricity companies clash over allegations of fraud.

OPEC [PHOTO CREDIT: Zero Hedge]

Nigeria has no plan to exceed oil output target – Official

OPEC and some non-OPEC states including Russia agreed in 2016 to cut production by 1.8 million bpd.

Dr. Dakuku Peterside, NIMASA Boss

NIMASA commences 24-hour turnaround time for issuing debit notes

The agency’s offices are also open on weekends.

Bad road to illustrate the story

Poor infrastructure costs Nigeria N2.03 trn yearly– ICRC

Nigeria’s 2016 nominal GDP is N101.59 trillion and two per cent of that figure is N2.03 trillion.

The World Bank

World Bank to evaluate Nigerian states on Ease of Doing Business

The World Bank Global Ease of Doing Business Ranking evaluates 190 countries.

NNPC Headquarters, Abuja [Photo Credit: Thisday]

NNPC speaks on alleged hidden $793.2m in secret accounts in 7 banks

The Federal Government had accused the state oil company of concealing the funds

Innoson motors

Nigeria to export locally-made vehicles to Mali

A Malian company and Nigeria’s Innoson have signed an MoU.

Mining site

Nigerian govt. to invest N2.5 Billion in DFIs for Small Scale Miners

Minister says all regulatory bodies would be collapsed into one unit.

Dollar and Naira bills [Photo credit: NairaFX]

CBN replies Senate, says not selling dollars to anyone at N200 rate

Nigerians have condemned the Senate’s demand.

Central bank of Nigeria

TSA: ‎Court orders seven banks to remit $793 million to Nigerian govt

One of the banks, Fidelity, said it was not aware of the money.

Minister of state for Petroleum Resources, Ibe Kachikwu [Photo credit: Pulse.ng]

Kachikwu advocates five-year timeline for Nigeria economic turnaround

The Minister advocates focus on local economic potentials.

Minister of state for Petroleum Resources, Ibe Kachikwu [Photo credit: Pulse.ng]

Nigerian govt approves new oil policy

The last oil policy was in 2007.

Babatunde Fowler, FIRS Chairman [Photo: politicoscope.com]

FIRS rakes in N1.782 trillion in 1st half of 2017

Service now has automated tax collection platforms.

Corporate Affairs Commission (CAC)

Protesting workers shut down CAC over salary arrears

The workers accused the management of violating agreements.

United Bank for Africa

UBA offloads 2.09 billion shares on Nigeria Stock Exchange

The volume of shares traded closed higher due to huge activity posted by UBA.

Tokunbo Abiru

We’ve recovered N60bn debt, stabilized Skye Bank, Says CEO Abiru

The bank says it has also recouped N6.2billion from divestments.

An Etisalat Office

It’s official: Etisalat Nigeria formally announces 9mobile as new name

Mr. Olusanya said although the company’s trading name changed, it remained true to the same values it was built.